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-- learn the national debt has increased by 50% in president obama's first term, there are growing concerns about a white house request to eliminate one of the few tools congress has to keep government spending in check. >>> and a new report raising serious questions about how taxpayer money's being spent including claims that it helped folks attend a training course that looked like something straight out of the walking dead. [gunfire] [ loud party sounds ] hi, i'm ensure clear... clear, huh? i'm not juice or fancy water. i've gotine grams of protein. that's three times more than me! [ female announcer ] ensure clear. nine grams protein. zero fat. in blueberry/pomegranate and peach. now is a good time to think about your options. are you looking for a plan that really meets your needs and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some of what medicare
the 2010 debt ceiling crisis. but when mr. obama later skipped congressional meetings and campaigned to extend the 2% payroll tax cut and maintain lower student loan interest rates, he won. the president is primarily focused on step one of this process-- winning the middle class tax cut debate. step two is being led by his treasury secretary jim geithner and liaison rob nabors. they are going to work with congress on spending cut and other fiscal cliff details. the first meeting will be tomorrow on the hill. >> pelley: major, president said today he thought all this could be done by christmas. why does he think so? >> reporter: because that is the big takeaway, scott, from the president's conversation on saturday with house speaker john boehner. the two agreed it was in foeryone's best interest to get a fiscal cliff deal sooner rather than later, both agreed to aim for one before christmas, but they also acknowledged, scott, it will be very difficult to achieve that. >> pelley: thank you, major. will the president's team find a receptive republican congress? nancy cordes is on capito
-election campaign. on the night of his re-election, president obama vowed to further interest of the environmentalist activist group that backed him. >> live in america that isn't burdened by debt or weakened by inequality. that isn't threatened by the destructive power of a warming planet. >> congress was both democrats and the republicans succes successfully fought efforts to pass cap and trade for years to set limit and fees for polluting industries but a number of lawmakers are sounding alarm about what they see as the president effort to reign in domestic production by doing an end run around capitol hill. >> president couldn't do it through legislation. now it's through the regulation to use tax dollars to make it happen. >> environmental activist says the president is doing his job. >> he understands that increased drought, record heat, wildfires, storms like sandy that killed 100 americans did $100 billion worth of damage. put 14 feet of water in lower manhattan. that never happened before. so this president understands this is a threat and we need to do something abou
. the president obama would like to ask for a blank check to add as much to the national debt as president obama sees fit. in the meantime, we are expecting to hear from nancy pelosi. each side is speaking out every night and every day. moments ago, speaker of the house john boehner said this. >> the white house spent three weeks trying to develop a proposal. they call for $1.6 trillion in new taxes. calling for not even $400 billion in cuts, and they want to have this extra spending that is actually greater than the amount that we would cut. i mean, it is not a serious proposal. so right now we are almost nowhere. megyn: alan colmes and lars larson are with us now. let's just focus on this debt ceiling. the reason we find ourselves about to go off the fiscal cliff with the automatic spending cuts, in part is because back in 2011, they wanted to raise the debt ceiling and the republicans said you cannot do it unless we do spending cuts. we cannot just do deficit spending. so they agree, they cut this deal, now the democrats are going to the republicans and saying, forget that. let's just in the
vance. tonight, president obama issued yet another warning to republicans, do not use the fiscal cliff to start a fight over the debt ceiling. the u.s. could reach its debt ceiling by the end of the month, and risk defaulting on its loans early next year. house speaker john boehner today said, quote, we don't have time for the president to continue shifting the goal posts. we need to solve this problem. danielle lee now joins us from capitol hill with more on this story tonight. danielle? >> reporter: jim, good evening. we're just now learning that president obama spoke to house speaker john boehner by phone this afternoon. but we're not hearing of any progress on avoiding the fiscal cliff or on raising the nation's debt ceiling which is currently at $16.4 trillion. there are new concerns about what could happen to the country's credit rating in the new year. each day toward the fiscal cliff is also another day closer to the country maxing out on its borrowing limit. president obama talked to business leaders today. >> the only thing that the debt ceiling is good for as a weapon is to
for evil making over $250,000. >> do you support obama having the power to increase the debt limit? >> can you clarify something? when he talk about trillions of dollars in cuts [indiscernible] >> in the budget control act, it calls for over $1 trillion $1 trillion in cuts. >> the president opposed to propose of wedlock in a certain amount for entitlement programs. do democrats support that? >> first of all, we do democrats, saw savings in medicare of over $700 billion and affordable care act. we use that money to strengthen medicare and extend its life for almost a decade and to increase benefits for seniors now. is there more opportunity for that? yes. but not at the expense of an official years. there have been all kinds of -- but not at the expense of beneficiaries. >> st. mary's hospital is a catholic institution in san francisco. should they be required to adjust to this new health plan? >> the compromise is a reasonable one. >> madam leader? >> yes. >> would you support that if it is part of the package? >> i want the middle class to get a break. i would hope we could get the middle
will play. >> reporter: president obama today, in washington, assured business executives he'll reject attempts to link the fiscal cliff budget negotiations to future increases in the nation's debt ceiling. "the new york times" reported republicans might accept higher tax rates on wealthier americans to avoid triggering tax hikes for everyone. in return, they'd demand greater spending cuts next year before raising the federal borrowing limit. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation, which, by the way, we have never done in our history until we did it last year, i will not play that game because we've got to... we've got to break that habit before it starts. >> reporter: the 2011 standoff between the president and republicans led the nation to the brink of national default. standard and poor's even lowered its rating on u.s. government bonds. now, the president has proposed he be given authority to raise the debt ceiling without congressional action. hou
the structural spending reforms in place that we need to address the debt, the debt, almost doubled under this administration, under president obama. and that has to be a part of this. that is where the republicans are insisting that we have a spending cuts and entitlement reforms that will got america on the right track moving forward. jenna: congresswoman, such a big topic. we only brushed the surface of it. we look forward to having you back to talk more about it. thank you so much. >> thank you. jon: right now a potentially explosive new development in the trayvon martin shooting case. lawyers for george zimmerman, releasing this photo. it shows the accused shooter with a bloody nose taken on the night of the deadly shooting. zimmerman as you might recall faces second-degree murder charges in the death of this man, 17-year-old trayvon martin. zimmerman claims he shot the teen in self-defense during a violent struggle and martin inflicted the bloody nose. does this change the arc of this case? let's talk about it with lose we will, fox news analyst and crystal panich a criminal defense
challenges we have long neglected. but i refuse to leave our children with debt that they cannot repay. that means taking responsibility right now. and this administration for getting our spending under control. >> 's the one that was president obama just weeks after he took office in 2009 at the opening of the fiscal responsibility summit. today we owe more than $16 trillion, and he wants to raise the debt ceiling to spend even more money that we honestly don't have. our next guest says that both sides are to blame equally. charlie is a columnist for the washington times. okay, they cannot be equal. who is more to blame? the president or congress. i would make the argument that obama is clearly the one. certainly democrats are probably little bit more to blame. two years ago, democrats ran the entire town. they had a filibuster proof majority in the senate. they control the house and white house. if they wanted to cut spending at that time, they could have done so. republicans -- they could've done it over every republican objection and they could've gotten everything they wanted. the
currency, monetize its debt. so strong structural arguments why you should buy gold in any currency. >> president obama will continue to press republicans to let tax cuts expire for people make more than $250,000 a year. reports say the president's opening wid in budget talks calls for $1.6 trillion tax increase. that plan whether he had to sharp comments from both sides of the political aisle. >> now is the time for republicans to you've past this happy talk about revenues ill defined of course and put specifics on the table. the president has made his proposal. >> what we don't know is what the white house is willing to do it get serious about solving our debt crisis. >> if more, we're joined by mark zandi, chief economist at moody's analytics who is here in london. welcome. >> thank you. >> so the fiscal cliff issue, end of the year is looming. we saw the response to this opening gambit by president obama. how likely is it that this is the final plan put forward, what elements do you expect to be most critical here as talks continue? >> i think there will be a lot of brinkmanship
debt, huge taxes, overwhelming pension problems, which they have a very hard time dealing with. voting overwhelmingly for president obama. california had like 20 points for the obama team. why not ask for the help? we help you, now you help us. it is implicit in the election. megyn: detroit has a jobless rate of 18.9% in october. can you imagine that? the population has plunged by 25% over the last decade. 30,000 homes stand vacant in that city. even if we wanted to bail them out, could you even put a price tag on our? >> no, you could not. they have no money left. they are right on the edge of bankruptcy. megyn: this is a long time coming. this isn't necessarily caused by the wall street meltdown. >> in 1964, it was the most important manufacturing sector in the world. it has been downhill since then. a bailout actually wouldn't really help them. they may be kicking the can for six months, but it essentially doesn't help. megyn: the notion that someone else needs to fix the problem -- somebody other than us needs to fix the problem. the city council of detroit, which is what they have
with president obama is he is a small-pinded president in big times . he talk about 35-39 that doesn't get us out of debt. >> that is tough rhetoric for senator lindd say graham. the president will meet with governors and representatives of big business to discuss the plan and house speaker jone boehner will meet with the governors and plans to conduct rallies with small business owners and not sure when they will sit down and talk again. >> steve: thank you very much, kelley. we heard there are a number of democrats willing to jump off of the cliff schumer to name one. the white house is telling democrat reporters that the president is not eager to but he is willing to go off of the cliff if the republicans don't agree to raising income tax rates. >> gretchen: that is not surprising. on the show, basically all of the cuts that are coming january 1st are part of the dnc platform except for raising taxes on the middle class which would be $2000 per family under $250,000 income. why would this be a smart thing to do. because january when congress is back in session and they have a few more democrat
. >> and there's only one way to avoid it. house republicans and president obama and his fellow democrats need to strike a deal before the end of the year on reducing the national debt to avoid that fiscal cliff. republican aid describe the tentative white house proposal this way. $1.6 trillion in revenue presented by secretary treasury secretary timothy geithner and stimulus and $400 billion in medicare and other entitlement savings. a permanent increase in the debt limit. >> so, let's get more on the standoff right now. joining us senator bernie sanders of vermont. he caucuses with the democrats. senator, first of all, congratulations on your re-election. thanks for coming in. republicans say, you know what, they'll be flexible, but the democrats have to be flexible, too, especially when it comes to entitlement spending. medicare, medicaid and even reform. are you open to any of that? >> when republicans talk about being flexible, we have not heard one definitive word to what they mean. second of all, our republican friends look up and understand that this issue of the fiscal cliff was debat
Search Results 0 to 20 of about 21 (some duplicates have been removed)